Assistant BSA Officer

The Assistant BSA Officer is responsible for assisting the Director, Financial Crimes Investigative Unit in developing, implementing, and administering all aspects of the Bank’s BSA/AML/OFAC compliance program.

PRINCIPLE DUTIES AND RESPONSIBILITIES

1. Assists the Director, Financial Crimes Investigative Unit in developing, implementing, and administering all aspects of the Bank’s BSA and OFAC Compliance Programs.
2. Maintains proficient knowledge of applicable compliance statutes, regulations, and interpretations.
3. Assists in maintaining the Bank’s BSA/AML/OFAC policies, standards, and procedures to ensure they align with current industry best practices, regulatory guidance, and compliance practices.
4. Assists in completing the BSA/AML/OFAC and ID Theft Risk Assessments with consideration to products, services, customers, and geographies.
5. Performs procedures for due diligence and ongoing monitoring of third-party relationships, including fintech partnerships, to ensure appropriate programs, policies, procedures, standards and internal controls have been effectively implemented to ensure compliance with applicable BSA/AML/OFAC laws and regulations, as well as regulatory guidance.
6. Assists in identifying policy and procedural enhancements, in reference to new, modified or expanded products and services, including proper risk assessments, planning and execution of BSA/AML/OFAC related controls.
7. Acts as the first point of contact for BSA related questions, exceptions and support.
8. Assists in training employees and third parties to promote awareness of internal control responsibilities, related regulatory requirements, and suspicious activity detection and prevention.
9. Assists in managing BSA Operations team to ensure that all department monitoring, investigation, data validation, reporting, and recordkeeping functions are performed adequately.
10. Represents the Bank to both internal and external customers in a professional manner through effective face-to-face, written and telephone communications.
11. Performs other duties as assigned by the Director, Financial Crimes Investigative Unit or the Chief Risk Officer.

EDUCATION AND/OR EXPERIENCE

• Bachelor’s degree, required.
• 7+ years experience in BSA/AML compliance, fraud and/or case investigation, required.
• 3+ years related experience with financial institutions supporting fintech partner relationships, preferred.

KNOWLEDGE, SKILLS, AND ABILITIES

• Strong knowledge of BSA/AML regulatory requirements, fraud risks, and monitoring and investigation techniques.
• Ability to proactively identify potential concerns and follow-up in a timely manner to resolve issues.
• Strong investigative, written and communication skills.
• Strong commitment to ethics, and the ability to understand a variety of issues and perspectives.
• Understanding of the banking industry, including bank partnerships with fintech companies.
• Previous experience of managing or leading teams within the BSA/AML organization at a financial institution.